Tuesday,
HONGKONG
TELEGRAPH
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in
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FOR SALE.
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KONG AB REVEALED BY THE CAMERA" Second Edition. Over 60 excellent views of the Colony Price $1.50. Obtainable at Kelly & Walsh, Ltd., Hongkong Travel Bureau or from the Publishers, South China Morning Post, Lid Wyndham Street
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Air Mall by "Air France Direct Ser-
Hongkong, January 22, 1640,
H.K. Stock Market
The following quotations were Issued on the Hongkong Stock Mar- ket this morning.
MANKS
11.1. Banks $...... HK. Banks (Lon, Reg) ILK. Banka (H.K. Reg) Chartered £...... Mercantile, A. & B. £. Mercanule, C. £
East Asia $.
INSURANCES
Canton $...
Union $.....
China Underwriter $.... 11.K. Fire $...
SHIPPING
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DUCKS ETC.
Wharves $... Docks ... Providenta 5. New Eng. Sh. Sh. Docks Sh. $.
AUNING
Kailan s/- Raubs $. Venz tioła II.K. Mines
LANDS
Hotels $. Lands $.. Lands 4% Debentures S'hal Lands Sh, $. Humphreys $. H.K. Healties $. Chinese Estates $.
UILITIES
Trama $.....
Peak Troms (old)
Peak Trams (new) $. Star Ferries $.
Y. Ferries $...
Jan. 24.
China Lights (old) $.. China Lights (new) $. H.K. Electrics
Jan. 24.
Jan. 24.
Jan. 24.
Jan. 24.
vico"-Paris dale, 17th January,
Amoy
Canton
Canton
Saigon
Shanghai
Jan. 24. Japan (San Francisco, date 23rd. December 19301
..Jan. 24. Calcutto, Straits and Saigon..Jan, 25, Haiphong, Holhaw and Fort Bayard
U.S.A., Honolulu, and
Straits
Air Mail by "Pan American Air-way
Direct "Service"-San
date, 19th January,
Manila
Manila
Japan
Spanghul" and "Amoy
Shangbat
Service"
January,
Jan. 25. Jan, 25,
Francisco
Jan. 20. ..Jan. 20.
Jan. 20.
Jan. 20.
...1,350
£..86 n. £..88 n. 10% n.
28% 11% ..78 D.
A HORNET'S NEST
LONDON, Jan. 22 (Reuter).-It is pointed out in London to-day that Mr. Winston Chur- chill's broadcast on January 20 was one of a series in which Ministers from time to time will make personal comments on the war situation.
talk, con- would
The broadcast was in the nature of a fire-side phrased in broadcasting language and was not a sidered statement of Government policy such as have been made in the House of Commons.
References to neutrals must| RED RAIDS
necessarily be of great authority as coming from Mr. Churchill, but they do not represent any new departure or a considered atatement of Government policy.
CONTINUE
Big Guns Pound The
Mannerheim Lino
HELSINGFORS, Jan. 22 (Reuter)-Sovlet planes to-day raided Uleaborg in the Gulf of Bothnia, three hospitals being
Mr. Churchill, in the broad lines of his suench, stated the obvious facts of the situation, but the conditions waten the broadcast was made should be kept in the right pro- 207 m.portions and perspective. .470 n.
Swiss Not Pleased BASLE, Jan 22 (Reuter),---Mr. | hit. Winston
Churchill's
has speech aroused unfavourable comment in .75 bthe Press.
11 n. 100 n. BO n. 70/11⁄2 n.
.1% 5. .180 n.
7
.202 b. 21.50 n. .4.05 n. 10.80 n.
During the long winter nights Soviet airmen are dropping their The typical view is that Britain deadly missiles with the aid of
parachute flares.
+B entitled to demand the strict neutrality of the ncutrals but not to endeavour to force them to help the Allies.
Dutch Rograt
River sector continues,
On land, the lighting in the Talpali
i
January 23, 1940."
PRESTIGE AMONG FRIENDS & FOES AT ITS LOWEST
==> FROM PAGE ONE
| Japan his loini organ, the "Central China Daily News" stiffened it
stude towards Japan and Insisted upon complete
Independence and
terroriul integrity.
Since the announcement of the Wing-Japan agreement, this organ
has completely changed its attitude,
until to-day's editorial is advising China to Accept humiliation and
losses, thus completely removing the impression that Wong Ching-wei succeeded in refceting; any of the im
portant Japanese demands.
Among the Japanese, Wang'a re- putation has declined firstly through his fallure to enlist the suppert of any important Chungking cficials: greondly through the development of internal dissension such na has re- sulted from the publication of the Tao Kao terms; thirdly through his failure to win over the Chungking military fenders which forced the Japanese. Into a new offensive on the Lower Vanitse Valley,
Fails His Sponsors
Exchange At A Glance
SELLING
T.T. London Demand
1/311 1/21
do
.203
-521
,103
.82%
.247
TT. Shanghal T.T. Singapore T.T. Japan T. Ind's TIT. Tr. U.S.A. TT T.T. Manlia
T.T. Batavia
T.T. Bangkok
TT. Salzon 5. TT. Franice T.T. Switzerland TT. Australa
BUYING
4 m/s L/C London
.48%
4534
15014
100
30.83
.107 1/04
1/3.5/32
4 m/s D/R... Do.....1/3.9/32
4 m/s L/C 'U.S.A.
4 m/s France
30 d/s Indin
251 ..11.40
...04
U.S. Crosa rale in London 4.02% ÚS. Cross role in N.Y, ..3.003%
DIAMOND FIT FOR A
CROWN
porc,
Other
FROM PAGE ONE
OCEAN FIRE TRAGEDY: MANY STILL MISSING
Continued From Page
these life-boats contain the 100 ou who are missing.
Scant Hope For Missing SPECIAL TO THE "TELEGRAPH" GENOA, Jan, 22 (UP)-There is scant hope of the survival of the 107 persona aboard the Orazio's missing ilfeboats, due to a storm and heavy north winds.
Rescue ships and planes have not slabted the lifeboats and it is feared they have overturned in the
БСАЯ.
heavy
The Italian Navigation Company snid they had no knowledge as to the
cause for the disaster,
Distress signals were sadloed, at 5.10 a.m, and 5.20 a.m. on Sunday. The flames entered the radio' room before the radio operator could ro- port the cause.
It is believed that no attempt will be made to calvage the vessel.
Captain Michele Schtano, who was Kaved, was on his last trip prior to retirement.
A French
45 Liner landed survivors at Marseilles this morning und they were immediately sent to hospital. The Commander sald that at least one of the lifeboats Alled with passengers had been lost.
It is common knowledge that Japan's greatest hopes in Wang Ching-wel was that he would relleve
Numerous rescue ships, he said, the Japanese of the necessity of fur ther extensive milltary operations.
took off the survivors in the midst of Games thereby relieving the economic and shot the actress to whom he had lent the gale, which fauned the
the diamond, and wan stabbed by from stem to stern. man-power burden on Japan,
terrorists two days later; Sultan)
Zooland Safo However there is
M. Van growing and
Abdul Hamid, who shot his Sultana LONDON, Jan. 23 (fleuter)—it is frank admission among the Japan and was deposed; and a Mr. Habib, that it now evident, at least for
now learned that M. Paul van the time being, that Wang Ching who was drowned at sea of Singa-Zeeland, the former Belgian Premier, was not. nboard the l-fated Orazio, wei will be unable to fulfil this hope.
famous Indien diomonds, but was waiting to board the vessel Wang Ching-wei's recent declare- tion that his regime futended to have which are smaller than the 02 curatat Barcelona,
All
Savod A heavy Soviet artillery barrage a parallel forcim policy with Japon diamond for sale in Hongkong, in-
MARSEILLES, Jan. 22 (UP)--The was laid this morning with the object also cost the proposed Central Regime elude the Sancy, weighing 53.12/10,
once the property of Queen Elizabeth, Italian Consulate has announced that apparently of beateng the left laule some prestige in foreign circles, be- It was tantamount to annount- cause the Mannerheim Line. Two Soviet attacks during the posting that the proposed regime nd-prince; few days have already been reptised vacated a closed door" in Chinn, with, according to Finnish com- except to Japan.
unique, heavy losses. North-east of Lake Ladoga, the Wang Ching-wei's Explanation
positions have Mr. Finnish
SHANGHAI. Jan. 22' (UP)-Coln-
with the strengthened by the capture of severnlcident
the opening of the enemy outposts
Tsingtao conference, Wang Ching- wei's "Central China Daily News," commenting on the "Ta Kung Pao's" revelations, said, "It is admitted that terms mean losses to our peace China."
AMSTERDAM, Jan. 22 (Reuter), Surprise and regret at Mr. Winston
240 n.
18/.
10 n.
Churchill's call to the small neutral countries to join the Allies against Germany were expressed by the "Telegraaf.”
Now Foreign Legion
been
This Journal says that had cts b. Churchill addressed himself to
United States, Italy and Japan, that ,5.05 m. would have been easier to understand, ..33% b. The "Telegrant" emphasises the HELSINGFORS, Jan. 22 (Reuter), .100 n. determination of the Dutch GovernA new foreign legion in shortly to .15 n. ment to maintain neutrality at any he sent to the Finnish front. It is .81⁄4 n. cost and says that there will be no made up of German, French, Italian, 4.60 n. change of this attitude even if it be Esthanian and Lithuanian volunteers, .101 n. comes crystal clear that the Reich und also a few Britons who are be
Is heading for defent.
lieved to be residents in Finland. .17.70 sa, The Journal concludes by assuringt 18 n. Mr. Churchill that the Netherlands ....4 n
will not let themselves bè devoured .68 n. by either side,
244 b. ..7.80 a. .4% b. .55.40 b.
#
The "Handelsblad” says that the suggestion that neutrals must take sides in the war has not been made from time to time, been perceived only by Mr. Churchill; it had also
18 b. 11 b. .25%
.9.60 n. 19/6 n: act .19/9 n.
Macao Electrics $. Sandakan Lights $ Telephones (old) $. Telephones (new) $.... Tractions /- Tractions (Pret.) 1/-
INDUSTRIALS Cald: Marg. (Ord.), Sh. $..14.90 n. Cald Macg, (Pref.), Sh. $....13 n. Canton fees $..
www.l.n. Cements ...
18.70 0. HK. Ropes $...
...0.00 sa.
STURES, &c. Dairy Farms (old) $.. Dairy Farms (new) %. Watsons $....
Lane, Crawfords $
Sinceres Ser
267-Wing On (UK)-8.
Air Mail by "Imperial Airways Direct
London
In the German and French sum
of the
situation. mings-up The paper adds: "We are ready to
In self-defence against
to be assailant when we judge this unavoidable, but not before, and certainly not an the result of foreign advice."
Heavy Red Loss
SPECIAL TO THE "TELEGRAPH"
BELSINGFORS, Jan. 22 (UP) An caleinl communique states that nearly 1,000 Russians were killed in five separate attacks on Sunday at various points between the Kerellan tanks were destroyed. TELEGRAPH Isthmus and mid-Finland.
"However. continued resistance meurs subjugation.
"I better to prefer humiliation rather than submission which does not give an opportunity for the re- construction of the country
Document Authentic SHANGHAI, Jan. 23 (UP),-The
the King of Spain and an Indian
the Empress Eugenie, 61 all passengers on the steamer Drazia The Hallon Navigation Company carats, the property of the gaikwar, have been saved. of Baroda; the Pigott, 40 carats; the
announced that they believe traw- Pashu, 40 carats, the White Saxon,tera had picked up the 107 passengers 48 carats and the Star of Este, who were still missing. The Com- 25.13/32 carats.
Greek Ship Torpedoed
Ten Feared Lost
LISBON, Jan. 23 (Reuter}.—The 5,000 ton Greek steamer, Ekstoniarjoc Dracoulis, wus torpedoed 50 miles from Estoril,
The crew of 40 up to now have not authenticity of the sensational secret been picked up agreement between Wang Ching-wel It is believed that 10 lives were Twelve and Japan was admitted last night tost.
Chun-po, Wang's Chief by Chen Secretary.
SPECIAL TO HELSINGFORS, Jan 22 (UP)--
pany is confident that all passengers have been saved and that only a few members of the crew, who were in the motor room at the time of the explosion were lost.
Italian oficials have begun an in- quiry to ascertain whether or not there was any possibility of sabotage.
Robbed While In
Post Office
While purchasing stamps in the General Post Office yesterday, Mr. Harry Ore, of Peking Road; lost his pocket watch,
LONDON, Jan. 22 (Reuter)—The. A Portuguese destroyer rescued 28 Dominions Office announces that the of the crew and Italian vessel King has approved the extension for picked up 12 others in a life-bont, six months of Viscount Galway's The ship was ou her way to Rotter-term of office an Governor-General of
New Zealand.
Chen claimed, however, that the To-day's oficial communique claims photostatic reproduction published in that 450 Russians were killed and Hongkong only represented the Jap-dama. five Russian tanks
ware destroyed anese demands, and did not include in a Finnish attack at Killuanjold. A Wang Ching-wei's counter demands: further 120 Russians were killed, five Japan, he claimed, has actually upon termy much inore tanks 'destroyed and two
armoured agreed
favourable to China. Warning To Neutrals cars captured in an engagement at
"The real terms are not detrimental Kitila.
to China's sovereignty or Independ→ LONDON, Jan. 22 (Reuter).-The
Diseribing a third engagement, the enee" he said. week-end speeches by Lord Halifax communique
several 22.00 n.
and Mr. Winston Churchill attracted; hundred Itursions were killed wher .21% n.
a good deal of comment in the world the Finns repulsed an attack on the ,0.20 n.
Talpale River frost, in the Karelian
press, and, on the whole, the British rethinile. 71⁄2 17. Fress welcome them as, in the words!
1.80 n.
.Jan. 26.
Powell, Ltd. S.
date,
17th Jan. 27.
COTTON MILLS Ewo sh. $........ Shal Cotton Sh. $.
.1 n.
.33 n. 170 p.
.Jan. 27,
Jan. 27.
.Jan. 27.
Zoong Sing, Sh. $. Wing On Textiles, Sh. $.
MISC.
.44 D.
,43 D'
Japan and Shanghul
Jan. 27.
.0.00 b.
Japan and Shanghai
Jan. 27,
Haiphong
Japan
Japan
Shanghai
OUTWARD MAILS Tuesday, Jan. 23
Jan, 27,
Manila, Straits, Ceylon, India, East and South Afrien, Aden, Egypt and Europe via Naples-clue Naples, 10th February,
G.P.O. & K.P.O.
Reg. Ord.
Air Mall for "Imperial
HK. Entertainments $. Constructions (old) $. (new) 5. Vibro Piling $.
Ch. Govt 5% 1925
G. Bonds
clamu That
of the Dally Telegraph wo In addition to the dead counted
The time in publication."
not yet ripe for
Chen did not comment on the al- legation by Kao Tsung-wu and Tro Hsl-sheng, Wang's cx-followers who made public the sensational docu speeches resounding with a deter on No Man's Land, the battle arenment, that Wang had signed the dis
were closed terms on December 30. mination which had set forth the was strewn with dead which British case against Germany. not counted, the communique claimed.
Chuncking Comment Overseas, a
of attention was
During the Talpalo clash the Russians attempted to scare to Mr. Churchill's reference to
the Finns with radio It will be re-
loud-speakers ***** warning, them that the Germans were coming.
countries. He plight as cribed
and said that it would be- 14. come worse. He asked what would
101 n.
ས་
CHUNGKING, Jan. 22 (UP)- Centralissimo Chiang Kai-shek is studying Wang Ching-wei's agree-"' ment with Japan.
He will make a statement in the
The Generalissimo's official spokes- man disclosed that Tuo and Koo, wang's descrters, left Shanghai after failing to convince Wang of the dan- ger of signing the agreement.
The attitude of the Chinese Govern-
Russian artillery to-day smashed
minute near future. 1 n. happen if they did their duty in ac- shells at the rate of 100 .834 n. cordance with the League Covenant, Into the east end of the Mannerheim
attempt to and stood
with the British and Line apparently in on
make the entire Ene untenable by ,50% n. French empires against aggression.
Newspapers of some of the north- turning the Finnish left wing along ern neutral countries say that they Lake Ladoga.
Reports from the front state that ment toward Tao and Kao is not ot 15/3, n. don't want advice from any belliger the Finns are replying with machine present known. In the past cald the
Belginn paper.
Belgium guns and artillery. They are hold-spokesman, pubile rentiment towards Beige," never requires even the most friend-ing out in the east.
hlm has been very bitter. Yester- The Russians have been piling UP day's act may, or may ly foreign advice to recall her to her
not, remove duty.
munitions for the past fortnight and
this bitterness, big scale there are prospects of a
Te
has agreement
micrely Russian offensive Econ.
Intensifed the determination of the Government to continue the war," the spokesman concluded.
H.K. Govt. 4% Loan H.K. Govi. 32% Loan ....03% n. Marsmann (Lon.) s/- Marsmans (H.K.) _#/.................4/- n.
ALANILA SHAREB Following are sales and bid prices:
Jan, 22. Jan. 23. Morning 104104 B 20 11 20 2414
Direct Service"--due London, 31st Atax
January.
fter.
Ord
Reg.
Ord
K.P.O.
..4.45 p.m. .6.30 p.m.
Airways Antamok
Bagule Gold Datong Buhay Denguet Cons. Jig Wedge Coco Grave
Jan. 23, D.m. Jan. 23, 5.30 p.m.
Conn, Mines
G.P.0.
Demonstration Jan. 23, 5 p.m. Fest Mindanao Jan. 23,7 p.m. Ixi.. Air Malt for Malaya, Java and Aus-po-Gold
tralia by "Imperial Airways Dircet]; Bervice"-due Sydney 29th Jan.
KP.0.
Rex.
Ord.
.8.00 p.m. 5.30 p.m.
G.P.O.
Ites.
Ord.
logon Mining ...
Cons. Masbate Cons. Mind, Motherlode Mine Operations. North Camarines Paracale Gumaus
Bar Mauricio Surigao Cone.
.5.00 pm. Suyoc Cons. .7.00 p.m. Syndicate Invest.
..7 p.m.
Amoy
Wednesday, Jan. 24 Bwatow, Amny and Formosa.
10.30 am. Amby, Shanghai and Parcels only for
Tientaln
1.30 p.m. Air Mail for Indo-China, Iran, and Franco (Paris and Northern Pro- vinces only) by the "Air France Airways Direct Service"--due Paris, Ist, February.
K. P. O.
Jan, 24, 5.00 pm. (Jan. 24j 5.30 p.m.
Jan. 24 5.00 pm. Jan. 24, 7.00. p.m. Thursday, Jan. 25
Canton
Ord, ner P. U.
Ord
Sandakor
Shanghai (Parcols only) Haiphong...
Shanghai and Japan
Stratis
Friday, Jan. 20
7.15 am.
:2.30 p.m. .3.00 p.m.
Failed Paraeste
ma-kel:
Ung
aut 014
2148
B
.004 .0045
00 09 N 001 ,30
00
Ung. -
the and
ents, "National
куя
Welcomed in Paris
The French press welcomes the speeches. Concerning the danger 10 neutral countres Britain and Franco concluded a shameful peace, "Le Temps" says that only a com- plete victory for Britain and France can secure Europe from that peril.
While the German press tries to: use Mr. Churchill's speech as evil- ence of an Allied desire to extend
6.667 Bombs Dropped LONDON, Jan 23 (Reuter) Finnish review of the Soviet air raids last week states that 0,667 bombs were dropped on non-fighting areas. Finnish casualties behind the front totalled 18 killed and 100 wounded.
the war to other parts of the world, EUROPEAN
2441
Ung
.1115
.11
09
14
21 23 D
7714
ກ
13 D 13
.020
.025 П
In London, it is pointed out that
It is viewed as his own estimate of
the situation which is already per- fectly clear to everyone.
VICTIMISED
"Even from a Japanese viewpoint, Wang Ching-wel is not in a legal post- Lion to sign such an agreement."
the Chinese were not surprised at the
Not Surprised CHUNGKING, Jan. 22 (Reuter)- Further Intensification in China's determination to carry on the wor LADY against Japan and a "complete dis- appearance of all possibilities of peace negeliations between the two coun tries" are, stated to be the official reaction here to the publication of Mrs. A. M. Phillips, of Gloucester the reported terms of agreement be- The following in Swan, Culbertion while the speeth must come with Hotel, reports thut while the was tween Wang Ching-wel and Japan.
from & Fritz report on this morning's considerable authority Mr. walking along Wyndham Street yes- · Interviewed this evening, a Chinese Church, It does not represent any terday, a small boy snatched her Government spokesman declared that closed quiet and traders continue to
The Manila Gold share market new departure, and Mr. Churchill's handbag, containing money and pro-
words should not be taken us a con-perty to $75.
severlly of the terms laid down by the, Japanese, as they represented lake a sideline atitude. The market sldered statement of Government was trendluss and prices drifted policy.
the basic policy previously followed arrowly on a very light volume.
Tokyo Belief Masbate was off one-half centavochester Guardian says that while In return we may ask them to remain by the Japanese Army. while North Camarines gained one- it is true that if neutral countries benevolently neutral.
BPECIAL то Referring to Mr. Churchill's review
"The "telegraPH!" half centavo,
were to throw in their lot with Bri-
TOKYO, Jan. 23 (Domel), Jan. 22 Jan. 23 tain and France, their net would of the war, the Dally Telegraph”
Morning
Yet it is says that this is a record of triumph Japanese official circles regard the eventually · be declsive, paly an ideal.
over submarino, mine ond aircraft expose of the agreement signed by "It is necessary that we should such as no one of knowledge would Wang Ching-wal and the Japanese F280,300 P 58.200
The poper Government in the have dared to predlet. that small European 70.01 78.05 understand
countries are in, what is for them, contrasts this with the deliberate de- Kung Pao" at a terrible situation," the "Manchester struction by Germany of ships of grabled Guardian continues, "It is reason-small neutral sister.
Volume of busi- neas done.... Gold Share av..
.8.30.au. SHARP RISE IN
GOVT. STOCKS
.3.30 p.m.
.9.20
a.ft.
1.2.30 p.m.
LONDON, Jan 22 (British Wire leka)Following a big accumulation
Dealing with this point, the "Mon-
Honglong win "perverted" and version" representing a "desperate, move by Chunking able too that we should ask for an The "Timer" deals with Mr. Chur-authorities to invite third-Power in understanding from them our fight | chill's statement that the safety ratio terference in
in
of the Telagtno for existence and if this struggle in the Allled convoya is about 500 Affair on the eve volves them in serious inconveniente." to one. This considerable margin of conference,"
Twice there has been reason to cutrals. does not apply to ships of
think that Holland or Belgium, or
the Sino-Japanese
Mexican Asphalt Parcels only for Tientsin 10.30 am of buying orders over the week-end, both, was about to be invaded. In Ingutrals were to Join in Franco- Shanghai
For Australia Manila, Australia and New Zealand sharp rise has ceturted in all Scandinavia, there is a strong fear British convoys and, even in accord- British Government stocks on the Test the develoments of the Finnish
the Covenant of the Ancewith: Via Thursday Island-due Thurs London Stock Exchange. They were war should bring Germany Into Lengue, stand in together with the day Island 8th February,
led by the three and hall per cent.action.
British and French Empires in their MEXICO CITY, Jing(22 (UP),~~ cim K.RO...
war Toan which, after opening at 97% It is for us to intensify our efforts, Auht ginnt agresalon, and wrong. The newspaper: "Grafico" under- Prose to 90
to make the seas safe and fece the they would join in on letus which is stands that the Mexlean Government 5.30 The Industrial market responded neutrals from German tyranny, the certainly important for these Oil Company han elbord deal to sell
to Australia, to the glit-edged ride, although bual paper points out, and we should treat neutral states as it is for the bel- a few million pesos wärtki of asphalt
them with all possible consideration. ligerents, says the "Times." 7.p.m... was of a small scale.
Reg
Ord
Q.P.O.
Reg.
Ord.
.5 piṁ.
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